Electric vehicle (EV) adoption will keep growing in 2022 as the chip shortage persists. Carmakers have been utilizing modular platforms to push EV launches. Furthermore, electrification...

Increased functionality and the emergence of new energy vehicles (NEVs) are intensifying the automotive chip shortage, according to supply chain companies.

A chip shortage arising from the COVID-19 pandemic has slammed global carmakers, forcing them to seek solutions at the same time. As a result, some companies have considered or started...